Pending

709 Joseph Street

Monroe, LA 71201
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Bed 3

Bed

Bath 0

Bath

Acres0.33

Acre(Lot)

Turnkey investment opportunity available! This well-maintained and recently renovated 3 bedroom, 1 bathroom home offers approximately 1,200 heated square feet along with an additional shop/storage building located behind the property, adding both functionality and long-term value for investors and tenants alike. Currently tenant occupied with an active lease in place generating $1,695 per month and approximately 10 months remaining, this property provides immediate, stable cash flow from day one. Whether you are looking to expand your rental portfolio or secure a strong income-producing property, this home checks all the boxes for a solid residential investment. Under the current ownership, the property has undergone numerous updates and improvements designed to enhance both appearance a nd functionality. The remodeled kitchen features updated appliances, expanded counter space, additional cabinetry, and an improved layout with the washer and dryer area relocated out of the kitchen to maximize usability and flow. Additional improvements include plumbing upgrades, roof maintenance and repairs, and extensive tree work completed around the property to improve curb appeal and overall upkeep. Situated on two city parcels, the oversized lot provides more yard space than many neighboring properties in the area, creating additional outdoor flexibility and future potential. The HVAC system is reported to be in good condition, and the additional shop/storage area offers even more versatility for storage, workspace, or future enhancements. With strong in-place rental income, meaningful property improvements already completed, and added value through lot size and bonus storage space, this property represents an outstanding opportunity for investors seeking immediate returns and long-term upside.

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Detail Ic Property Details

Property Type : Residential Income

Price : $157,000

AD Id : 79315766

MLS Id : 219521

Beds : 3

Lot Size : 0.33 Acre

Year Built : 1942

County : OUACHITA

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Feature Features

  • Bedroom Information

    Total beds: 3
  • Roofing Information

    Asphalt
  • Interior Features

    Ceiling Fan(s) Roof: Asphalt Appliances: Dishwasher, Other, Gas Water Heater Laundry Features: See Remarks
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air

  • Building Information

    Year Built: 1942 Building Area Total: 1200 Construction Materials: Vinyl Siding Patio And Porch Features: None Private Pool: No

  • Lot Information

    Main Square Feet: 0.33 Acres Lot Size Acres: 0.33 Lot Size Square Feet: 14374.8

    Property Information

    Subdivision: OTHER Source Property Type: Residential Income Property SubType: Single Family Residence Property Age: 84

  • Listing Price Information

    Listing Price: $157000

  • Tax Information

    Parcel Number: 68758 Tax Legal Desc: LOT 2 & W2 LOT 3 SQ 4 K C CORPADDN UNIT 2

  • Location Information

    Direction: From Monroe, take RT-390 S, then merge onto I-490 W and continue to I-90 W. Stay on I-90 W until I-271 S, then follow I-71 S and continue onto I-75/I-71 S and I-65 S. Keep going onto I-40 W, then I-55 S, and follow US-61 S. Continue through US-82/US-278, WaterSource: Public Security Features: Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
405 Sheridan Avenue, Monroe, LA, 71201 $134,000 3 1 1,180 1,180 SqFt
3812 Scenic Drive, Monroe, LA, 71201 $354,900 5 3 3,953 3,953 SqFt
3701 Deborah Drive, Monroe, LA, 71201 $419,000 4 3 3,568 3,568 SqFt
3313 Deborah Drive, Monroe, LA, 71201 $528,000 3 2 2,898 2,898 SqFt
2802 Coolidge Street, Monroe, LA, 71201 $39,000 -- -- --
2700 Maddox Street, Monroe, LA, 71201 $55,000 6 -- --
2318 Whitney Drive, Monroe, LA, 71201 $265,000 3 2 2,048 2,048 SqFt
1612 S 5th Street, Monroe, LA, 71201 $46,000 2 -- --
2743 Point Drive, Monroe, LA, 71201 $1,125,000 4 3 2,807 2,807 SqFt
3408 W Deborah Drive, Monroe, LA, 71201 $890,000 4 5 5,260 5,260 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Northeast REALTORS® of Louisiana. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Northeast REALTORS® of Louisiana. All rights reserved.

ByOwner last updated this listing 06/06/2026 @ 15:53

MLS: 219521 LISTED BY: Harrison Lilly, Harrison Lilly SOURCE: Northeast Louisiana Association of REALTORS

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